Tessenderlo Group NV (TESB) Earnings Call Transcripts

Tessenderlo Group NV's Latest Earnings Call - March 26, 2026

In the 2025 fiscal year, Tessenderlo Group NV reported revenues of EUR 2.7 billion, representing a 4.4% increase year-over-year, while EBITDA grew by 8.5% to EUR 288 million. However, the company faced a significant loss of EUR 80 million primarily due to non-cash items and impairments. Management has guided for 2026 results to be in line with 2025, reflecting ongoing uncertainty in the market, particularly regarding energy costs and geopolitical issues. The announcement of a joint venture in the collagen and gelatin business and a share repurchase program were notable developments that could influence investor sentiment moving forward.

Reported metrics

Guidance from management

Management has guided for 2026 results to be in line with 2025, citing ongoing market uncertainties and the potential impact of geopolitical issues on operations.

What management said

Hello, and welcome, everyone, to our 2025 annual results webinar. We will start today with a presentation from our CEO, Luc Tuck; and our CFO, Miguel de Potter. After that, we will give some opportunity to some of our analysts to ask live questions. [Operator Instructions] Thank you. And with this, I hand over to Luc.

That's correct. Let me quickly check. I will give analysts the possibility. I will put them live and then they can ask their questions. I will start with Christian Faitz the first one. I'll bring you on the screen.

What analysts pressed on

Analysts expressed concerns about the impact of rising energy costs and sulfur availability on the SOP business. Additionally, there were questions regarding the future of T-Power and its utilization rates post-RWE contract expiration.

Main topics on the call

• Revenue Growth — Tessenderlo Group achieved a revenue increase of 4.4% to EUR 2.7 billion in 2025. Management noted, 'the Agro division is definitely still the strongest division of the group and also the most profitable for 2025.'
• Impairments and Losses — The company reported a heavy loss of EUR 80 million, attributed mainly to non-cash items and impairments. CFO Miguel Potter stated, 'we took some large impairments and noncash items in the second half of the year.'
• Guidance for 2026 — Management provided cautious guidance for 2026, indicating results will be 'in line with last year.' This reflects the uncertainty surrounding energy costs and geopolitical factors affecting operations.
• Joint Venture Announcement — The company announced a joint venture to combine its collagen and gelatin business with Darling Ingredients, which is expected to close in 2026. This move is seen as a strategic effort to strengthen their market position...

Read the full Tessenderlo Group NV transcript (March 26, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 Tessenderlo Group NV earnings call transcripts on record, spanning March 26, 2020 to August 27, 2026. Based on this history, Tessenderlo Group NV reports semi-annually. The most recent call on file is dated August 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TESB

Exchange

ENXTBR

Country

BE

Sector

Materials

Industry

Chemicals

Calls on record

14

First call

March 26, 2020

Most recent

August 27, 2026

Reporting cadence

semi-annually